December 23, 2014 - Assignment

Stena divests its shares in Paradise Tankers Corp.

Stena Maritime AG has sold its shares in Paradise Tankers Corp. to its Greek joint venture partner Paradise Group Holdings Inc. Paradise Tankers Corp. has in connection therewith sold the vessels Aspropyrgos, Stena Chiron and Stena Chronos.

Stena is one of the world’s leading tanker shipping companies and controls a fleet of around 100 tankers. The Stena Sphere has more than 20,000 employees and a turnover of SEK 60 billion.

Stena was advised by Mannheimer Swartling in the transaction. The firm’s team included Johan Ljungberg, Hanne Aarsheim and Bita Pourmotamed.